State of New Jersey Common Pension Fund D Grows Position in Watts Water Technologies, Inc. (NYSE:WTS)

State of New Jersey Common Pension Fund D raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTSGet Rating) by 24.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,270 shares of the technology company’s stock after buying an additional 3,382 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Watts Water Technologies worth $2,411,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WTS. Russell Investments Group Ltd. boosted its holdings in shares of Watts Water Technologies by 1.3% in the 4th quarter. Russell Investments Group Ltd. now owns 4,589 shares of the technology company’s stock worth $890,000 after purchasing an additional 61 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Watts Water Technologies by 10.6% in the 4th quarter. Van ECK Associates Corp now owns 762 shares of the technology company’s stock worth $148,000 after purchasing an additional 73 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Watts Water Technologies by 2.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,487 shares of the technology company’s stock worth $2,619,000 after purchasing an additional 325 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Watts Water Technologies in the 4th quarter worth approximately $3,029,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Watts Water Technologies in the 4th quarter worth approximately $5,017,000. Hedge funds and other institutional investors own 75.11% of the company’s stock.

Insider Transactions at Watts Water Technologies

In other news, insider Elie Melhem sold 3,800 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $129.54, for a total value of $492,252.00. Following the completion of the transaction, the insider now directly owns 12,303 shares of the company’s stock, valued at approximately $1,593,730.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Watts Water Technologies Trading Down 1.5 %

WTS opened at $137.05 on Wednesday. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.81 and a beta of 0.98. The company has a current ratio of 2.27, a quick ratio of 1.28 and a debt-to-equity ratio of 0.17. Watts Water Technologies, Inc. has a 12 month low of $116.31 and a 12 month high of $212.00. The stock has a fifty day moving average price of $127.30 and a 200-day moving average price of $137.78.

Watts Water Technologies (NYSE:WTSGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.39 by $0.24. The firm had revenue of $463.20 million during the quarter, compared to analyst estimates of $442.80 million. Watts Water Technologies had a return on equity of 17.41% and a net margin of 9.60%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. As a group, equities research analysts anticipate that Watts Water Technologies, Inc. will post 6.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Cowen decreased their price target on Watts Water Technologies from $130.00 to $120.00 in a research note on Tuesday, June 28th. Stifel Nicolaus decreased their price target on Watts Water Technologies from $141.00 to $130.00 in a research note on Wednesday, July 20th. Cowen decreased their target price on Watts Water Technologies from $130.00 to $120.00 in a research report on Tuesday, June 28th. Boenning Scattergood reaffirmed a “neutral” rating on shares of Watts Water Technologies in a research report on Wednesday, May 4th. Finally, The Goldman Sachs Group decreased their target price on Watts Water Technologies from $165.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, April 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.25.

About Watts Water Technologies

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Watts Water Technologies, Inc designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

See Also

Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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